Desjardins Healthcare Group acquires Medical Pharmacies Group Limited

Date Closed: 10/31/2013

Value: Undisclosed

On September 16, 2013, Medical Pharmacies Group Limited (MPGL), Canada’s largest provider of pharmacy services to long-term care facilities and retirement homes, entered into an agreement to acquire Ottawa-based Desjardins Healthcare Group (DHG), a leading provider of specialty pharmacy services, medical supplies and equipment in Ontario.

The transaction will bring together two companies with complementary product and service offerings to a similar customer base. It expands MPGL’s footprint in Eastern Ontario and adds an expansive range of new healthcare products and services, setting the stage for further growth throughout Canada. The combined company will have more than 1,000 employees, with operations in Ontario and British Columbia.

The BLG team consisted of Yvan Morin, Bernie Roach, David Henry and Neil Morgan.